In 2014/15, Hongkong Post (HKP) handled 1.21 billion mail items (or a daily average of 3.32 million items), representing a 1.8% decrease over 2013/14. Market competition remained keen. HKP registered a significant improvement in financial performance in 2014/15.Total operating revenue in the year was HK$5,344 million, representing an ,increase of 1.8% over 2013/14. Coupled with a 1.5% decrease in operating costs, there was an overall operating profit of HK$169 million for the year. The rate of return on the average net fixed assets was 4.9% in 2014/15.